Csr Project Hsbc

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Awards for HSBC

1) Runner up of sustainable bank of year –Financial times(who was 1st)

2) Guia Exame de sustentabilidade 2010(Exame Sustainability guide), Brazil

3) Best in class corporate sustainability Award – Hong Kong: Benchmark wealth management awards

4) Outstanding green excellence award: Capital monthly, Hong Kong

5) Environmental leadership and special achievement awards: WWF Philippines

Globalization: Operates in 87 countries and countries with 95 million customers

Participation in research: BankTrack, Carbon disclosure project, Eiris, ethibel, Oekom, RiskMetrics, Sustainable assessment management, Sustainalytics, Vigeo

Sustainability approach decided with the involvement of various stakeholders including shareholders like financial institutional investors. Involving shareholders to hear their feedback and answer their questions. Involved NGOs to share views related to banking and sustainability. Even readers are asked for the feedback on the report.

Focus on following 7 issues

1) Contribution to economy

2) Supporting customers

3) Valuing employees

4) Climate business

5) Risk management

6) Investing in communities

7) Environmental efficiency of operation

GRI (Global reporting initiatives) reporting framework compliant

For carbon reporting guidance from Greenhouse Gas Protocol

Auditing – Appointed PricewaterhouseCoopers LLP to provide assurance to therir sustainability report, carbon emissions and related offsets. Assurance according to international standard ISAE 3000

No new formal commitments this year as they believe that most of their important initiatives have a span of more than one year

Chairman thoughts about sustainability –

1) Sustainability must lie in the heart of any business if it is to achieve long term success

2) Sustainability as core the way...